The visual reminder will help you make better choices, too. Simply write down what you spend on a daily basis and you’ll finally know where it all goes. Where did all my money go? I can’t even remember what I spent it on.īecause included with the college budget worksheet is a log for tracking weekly spending. I also included common expenses for students to give you a clear idea of how it works. I’ve found budgeting is easier when the categories are broken up. How much you spend is determined by your choices or other external factors.Īs you can see, I grouped similar expenses together on the college budget templates. Groceries and eating out are flexible expenses. They aren’t like a bill that has a flat monthly fee. The price is consistently the same on a month-to-month basis.įlexible expenses are expenses that change. Break it down into two main types of expenses: fixed and flexible.įixed expenses are expenses that don’t change.įor example, a Netflix subscription is a fixed cost. Related: 9 Easy Ways for Busy College Students to Make Money These are the funds you have at your disposal for spending on expenses.
If your income is inconsistent, I recommend estimating low. You start by making an estimate of your total income for a month. By filling out the worksheet you’ll be making a budget.Ī budget is a plan for your money. In the images below you’ll see a place to write down your income, savings, and expenses. I’ll show just how easy it is with a college student budget example. Use my budget template for college students and quickly get a snapshot of the whole month. The problem is where do you even begin, right?ĭespite any preconceived notions, you can effectively take control of your finances without spending all your spare time crunching numbers. Given these points, it’s clear that budgeting in college is important. Research has shown that financial stress has a detrimental impact on not only academics but health as well. The 2017 SCFW found that while many college students reported frequently engaging in positive financial behaviors, nearly 70% are stressed about finances.
This budget template is for college students who want a simple, straightforward way to manage their cash flow.įinancial knowledge and education are crucial components of college success.
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